How Is Blockchain Helping the Traditional MDM?
The tech sector is still vigorous in discussions around blockchain. Everyone is still quite excited about the potential of this relatively young technology. While some aspirations are possibly too ambitious, there are some applications that have more than a little potential. In some practices, blockchain feels like the only viable direction to move. Master data […]
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Transformation Through Re-engineering in Finance & Accounting
The vast majority of companies, from big enterprises to small startups, are looking for ways to get more out of every dollar. Using financial process re-engineering, the current workflows should be analyzed and re-thought to avoid any activities that do not directly add value. A few ways the business process re-engineering financial services might look include: Cutting Costs […]
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How Is Data Warehouse Modernization Helping Enterprises to Increase Operational Efficiency?
Data warehouses have been around for decades. As one of the longest-lasting methods for managing data, many warehouses — still in use today — are plain antiquated. Modernizing these resources has been a priority for many enterprise systems, but upgrading just for the sake of it is never a good business model. Instead, modernization needs […]
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What Does Reconciliation Mean in Finance and Accounting
Reconciliation in finance and accounting refers to the process of comparing transactions recorded internally against monthly statements from a bank, credit card company, or other external source. The aim of account reconciliation is to ensure the records coincide with each other. You can find your financial transactions on your bank statement, your credit card statement, […]
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How is AI enabling “Object identification and recognition”?
Object identification and recognition is an area within the field of artificial intelligence (AI) that focuses on robots recognizing different objects. As AI machines become more and more part of our everyday lives, machine learning is making improvements on image tagging and object identification skills. Google and Microsoft are examples of just two tech giants […]
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